Forex ranking and rating for week 36. Calculations based on 4 time frames with the Ichimoku & MACD indicator
31 August 2014, 20:04
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The pairs I will be looking at for my trading.
Analysis based on TA charts for all the major currency pairs.
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Definitions
Rating: Based on momentum and direction.
- The Ichimoku and MACD indicator are applied on
4 time frames. Each time frame has a certain impact
on the rating. This is determined by applying a key.
- Time frames have to be aligned in the right direction at
a certain extend for having a directional rating, not "=".
Index: Based on possible amount to be earned.
- The ATR, pip value and several statistics are applied on
on top of the calculated rating, as mentioned above.
- In case of a neutral rating, so with the "=" sign,
only the pip value and ATR are used for the calculation.
- An index is useful because a currency pair with a
lower rating can be more interesting when the momen-
tum is still reasonable. The possible earnings may have
preference in such a case. The list is ordered by Index.
- It makes also clear how pairs compare to each other
and to itself in other (previous) lists.
Rank: The best performer is in the first place of the list.
- This is the pair with the highest index.
- At this moment there are 28 major currency pairs so
the last place is rank 28.
Indicators: Ichimoku / MACD / ATR*
- *For the Index the ATR is used in the calculation.
Time frames: Month / Week / Day / 4 hours
